Family Income Benefit

Protect you, your family and your home

Ongoing Support for the People You Leave Behind
Family Income Benefit is a lesser-known type of life insurance – but for many families, it’s one of the most practical and affordable ways to provide financial protection. Instead of paying out a single lump sum, it provides regular, tax-free monthly payments to your loved ones if you pass away during the policy term.

At Prime Mortgage Centre, we help you understand and arrange Family Income Benefit in a way that fits your lifestyle, budget, and family’s needs.

What Is Family Income Benefit?

If you die within the policy term, Family Income Benefit (FIB) pays your beneficiaries a monthly income until the end of the term.
Example: If you take out a 20-year policy and die in year 5, your family will receive monthly payments for the remaining 15 years.
It’s designed to replace lost income – helping your family cover ongoing living costs such as:

Mortgage or rent
Council Tax and utilities
Food and childcare
School fees or transport
General day-to-day expenses

This regular support can help your family maintain their lifestyle and avoid financial stress during an already difficult time.

Why Choose Family Income Benefit?

Budget-friendly – often cheaper than standard life insurance
Simple and predictable – delivers steady income, not a lump sum
Great for families – especially those with young children
Flexible – can be written in trust and tailored to your situation
Tax-free payouts – usually exempt from income and inheritance tax

It is ideal for families who rely on one or two main incomes and want to protect their financial future in a manageable, realistic way.

Who Should Consider It?

Family Income Benefit is particularly suitable for:

Parents with young or school-age children
Couples with joint financial responsibilities
Anyone who wants to provide structured financial support after their passing
Households where a lump sum might not be managed as easily

You can take it out individually or as a joint policy with a partner, and we’ll help you make the right decision for your circumstances.

How We Help

At Prime Mortgage Centre, we simplify the process of setting up Family Income Benefit. We’ll explain:

How long the cover should last
What level of monthly income you might need
How it compares to standard life insurance
How to place your policy in trust to protect your family’s interests

We’ll always recommend cover that makes sense for your situation – no pressure, no jargon.

Protect Your Family’s Future – Month by Month

Financial peace of mind doesn’t have to come in one big payment. With Family Income Benefit, your loved ones can count on reliable, regular support when it matters most.

Talk to us today about setting up the right cover for your family.